A Two-Part Webinar Series
Mastering Lien Waivers
A Strategic Guide for Construction Lenders and Draw Administration Teams
Dates: June 24 and June 26 at 11am PDT
Webinar Overview
In the complex world of construction finance, managing lien waivers is not merely a procedural task; it is crucial for safeguarding your institution's financial interests and ensuring the successful execution of projects.
This comprehensive two-part webinar series aims to provide construction lenders and their draw administration teams with the knowledge and tools needed to effectively navigate the complexities of lien waivers. Participants will progress from foundational concepts to advanced risk mitigation strategies.
Part 1
The Foundation: Understanding Types, Terminology, and Legal Significance
Date: June 24 at 11 am PT
The first part of "Mastering Lien Waivers" will establish a solid foundational understanding of these critical legal instruments . This session will go beyond treating a lien waiver as a mere receipt, instead highlighting its profound legal effect as a formal, legally binding document that relinquishes a party's statutory right to file a mechanics lien.
Key learnings from this session include:
- Defining lien waivers
- Key parties and terminology
- Types of lien waivers
- Introduction to state law variances
This session is essential for anyone involved in construction lending who needs to solidify their understanding of the fundamental legal and practical aspects of lien waivers.
Part 2
Strategic Lien Waiver Administration: Mastering Compliance, Risk Mitigation, and Project Success
Date: June 26 at 11am PT
Building on the foundational knowledge from Part 1, this session of "Mastering Lien Waivers" will dive into the practical application, strategic implementation, and advanced considerations for managing lien waivers effectively in your draw disbursement process. Learn how to transform lien waiver administration from a potential minefield into a powerful tool for mitigating risk and fostering successful project outcomes.
This session will cover:
- Lien waivers in the draw disbursement process
- Diligent verification, red flags, and pitfalls
- Developing a robust internal policy
- Leveraging technology
- Proactive prevention strategies
Don't miss this opportunity to refine your institution's lien waiver practices, reduce financial exposure, and build a reputation as a preferred financial partner in the construction community!
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